CANCOM SE O.N. - 1H - Technical analysis published on 04/14/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 30.22 EUR
My targets
32.25 EUR (+3.70%)
33.46 EUR (+7.59%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CANCOM SE O.N. as long as the price remains well above 30.22 EUR. The buyers' bullish objective is set at 32.25 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 33.46 EUR. If there is any crossing, the next objective would be the resistance located at 34.19 EUR.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.6
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Additional analysis
Quotes
The CANCOM SE O.N. rating is 31.10 EUR. The price has increased by +2.71% since the last closing and was between 30.50 EUR and 31.16 EUR. This implies that the price is at +1.97% from its lowest and at -0.19% from its highest.30.50
31.16
31.10
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CANCOM SE O.N.:
Technical
A technical analysis in 1H of this CANCOM SE O.N. chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 27.21 | 28.98 | 30.22 | 31.10 | 31.21 | 32.25 | 33.46 |
| Change (%) | -12.51% | -6.82% | -2.83% | - | +0.35% | +3.70% | +7.59% |
| Change | -3.89 | -2.12 | -0.88 | - | +0.11 | +1.15 | +2.36 |
| Level | Intermediate | Major | Major | - | Intermediate | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.74 | 29.08 | 29.68 | 30.02 | 30.62 | 30.96 | 31.56 |
| Camarilla | 30.02 | 30.11 | 30.19 | 30.28 | 30.37 | 30.45 | 30.54 |
| Woodie | 28.87 | 29.15 | 29.81 | 30.09 | 30.75 | 31.03 | 31.69 |
| Fibonacci | 29.08 | 29.44 | 29.66 | 30.02 | 30.38 | 30.60 | 30.96 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.87 | 28.07 | 28.85 | 30.05 | 30.83 | 32.03 | 32.81 |
| Camarilla | 29.10 | 29.28 | 29.46 | 29.64 | 29.82 | 30.00 | 30.19 |
| Woodie | 26.67 | 27.97 | 28.65 | 29.95 | 30.63 | 31.93 | 32.61 |
| Fibonacci | 28.07 | 28.82 | 29.29 | 30.05 | 30.80 | 31.27 | 32.03 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.07 | 25.39 | 28.45 | 31.77 | 34.83 | 38.15 | 41.21 |
| Camarilla | 29.75 | 30.33 | 30.92 | 31.50 | 32.09 | 32.67 | 33.26 |
| Woodie | 21.93 | 25.33 | 28.31 | 31.71 | 34.69 | 38.09 | 41.07 |
| Fibonacci | 25.39 | 27.83 | 29.34 | 31.77 | 34.21 | 35.72 | 38.15 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 70.31 | |
| MACD (12,26,9): | 0.2500 | |
| Directional Movement: | 32.40 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 30.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 29.88 | |
| Elder Ray (13): | 0.72 | |
| Super Trend (3,10): | 30.29 | |
| Zig ZAG (10): | 31.08 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 94.84 | |
| TEMA (21): | 30.76 | |
| Williams %R (14): | -4.35 | |
| Chande Momentum Oscillator (20): | 1.60 | |
| Repulse (5,40,3): | 0.8800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 6.13 |
| MA7: | 30.16 | |
| MA20: | 31.47 | |
| MA50: | 32.45 | |
| MA100: | 31.29 | |
| MAexp7: | 30.63 | |
| MAexp20: | 30.20 | |
| MAexp50: | 30.16 | |
| MAexp100: | 30.59 | |
| Price / MA7: | +3.12% | |
| Price / MA20: | -1.18% | |
| Price / MA50: | -4.16% | |
| Price / MA100: | -0.61% | |
| Price / MAexp7: | +1.53% | |
| Price / MAexp20: | +2.98% | |
| Price / MAexp50: | +3.12% | |
| Price / MAexp100: | +1.67% |
Quotes :
-
15 min delayed data
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Germany Stocks
News
Don't forget to follow the news on CANCOM SE O.N.. At the time of publication of this analysis, the latest news was as follows:
- EQS-News: CANCOM: Financial year 2022 ends with record revenue in the fourth quarter. Dividend proposal of €1.00 per share and forecast 2023 published.
- EQS-News: CANCOM: Second half-year brings 7.5 percent revenue growth. Executive Board announces programme to increase profitability.
- EQS-Adhoc: CANCOM SE: Revenue, ARR and gross profit reach target corridors for 2022. EBITDA and EBITA lower than forecast due to one-off special effects.
- EQS-News: CANCOM SE: Endpoint management specialist NWC Services becomes part of the CANCOM Group
- EQS-News: CANCOM: Around 11 percent growth in the third quarter of 2022
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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